Corporify

While generating detailed overviews of ownership structures, voting rights, and governance bodies is – to some degree – doable manually, these routine tasks are not only tedious and time-consuming but also require accurate data. Corporify enables organizations to:

• keep all legal entity-related information up-to-date in a single source of truth,
• track corporate transactions, and
• automate repetitive work processes.

Relying on various spreadsheets for organizing sensitive company information is an inadequate choice for managing and safeguarding corporate data. To enhance performance on legal entity management tasks (while minimizing risks and reducing the administrative burden), corporate governance teams are best advised to transition from a collection of static charts to a cloud-based, interactive and collaborative platform. Thereby:

✔ effectively gather, update and control access to key company information (entity names, shares, transactions, personal data, etc.);

✔ coordinate internal procedures and guidelines on legal data management; and

✔ maintain an overview (digital register) of all the mandates of the group both as per legal entity and as per directors.

Adding a new tool to corporate operations and integrating with existing IT infrastructure may put legal, business and tech teams under pressure – unless a smooth transition is carefully designed and rolled out. Here’s our 5-Step Strategy Paper (including onboarding best practices) for a swift transition to digital corporate housekeeping: